Traditional/Conventional

DSCR

Fix and flip loans

Rates look to be flat this week.

Rates are not likely to move much this week, instead markets are waiting for more news from next week’s jobs data and Fed meeting. After a couple of weeks of rates moving higher, seeing rates settle down and remain unchanged for the week would actually be a step in the right direction

What’s affecting rates this week:

Economic data: Only a couple of reports this week that have even a little bit of influence on mortgage rates, including Friday’s PCE inflation data (the Fed’s favored inflation gauge), not likely to move rates either up or down much though.

The Fed: Mortgage rates will continue to react to expectations of when and how much the Fed will cuts its policy rate this year. Rates were lower when markets expected 5-6 cuts in 2024, and rates have moved higher now that markets project only 1-2 cuts not likely to start until at least September.

DSCR Loans

Best Rate at 60% LTV: 6.25% to 6.99%

Best Rate at 70% LTV: 6.875% to 7.25%

Best Rate at 80% LTV: 7% to 7.375%

Highest LTV: 85% (purchase + rate and term)

Lowest FICO score: 620

Smallest Loan: $65,000

Largest Loan: $20mm (large portfolios)

Vacant Properties: 75%

Short-Term Rentals: 80% (purchase + rate and term)

Best rates are based on 780+ credit score, DSCR above 1.15, loans over $300k and in major cities. We have 20+ of the best DSCR loan buyers at our fingertips and can help with most clients’ needs.

No Ratio Loans

Highest LTV: 75% (Purchase + rate and term)

No ratio loans are loans that do not require a rental agreement or have negative cash flow.

Conventional Loans

Owner Occupied: 7% to 7.25%

Non-Owner Occupied: Low 7.875%

Conventional loan rates powered by TNS Loans NMLS #1719349 on properties in Colorado. If you want specific rates, reach out to TNS Loans via email at MB@TNSLoans.com.

Private Loans

Small Loans and Lenders (.5 – 3 Points): 9.5% – 12%

Large Lenders (15% down + 1 point + closing costs): 9.25 – 11%

Highest LTV 100% of full project up to 72.5% ARV

Lowest FICO score: Mid 500’s with good credit last 12 months

Smallest loan: $10k

Business Credit Cards

0% for up to 18 months

Options for business 3 months plus in business

Credit usage loans available to increase score to qualify for business credit cards

HELOCS

NOO HELOCS to 80%

Don’t forget to grab a copy of your personal Investor Mortgage Report here!

What are the best loan products for where you are at now and where you are going.

Keep up as rates get better and requirements become easier.

Investor Mortgage Report – Week of April 22, 2024